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Gross Domestic Product is the way to calculate a country's total economic status. GDP is the total value of everything produced by all the people and companies of a country, irrespective of the fact if they are foreign-owned companies, if they are within the country's boundaries, the government counts their production as GDP. GDP growth rate is an important indicator of the economic performance of a country.

In general economics, the final users of goods and services are divided into three main groups: households, businesses, and the government.In India, contributions to GDP are mainly divided into 3 broad sectors - agriculture and allied services, industry and service sector.